While starting an Amazon account might seem simple, there are a few critical decisions that you need to make. Some of these decisions will directly impact your bottom line, so it is important to get them right.
So, let’s look at how you can become an Amazon seller and the decisions that you need to make.
The first thing you need to do is create an account. Right off the bat, you have two choices.
You can either create an individual seller account or create a professional seller account.
It is free to create, but for every unit you sell, you need to pay a commission of $0.99. This is in addition to referral fees and variable closing fees that are part of every Amazon sale. This is a basic plan, so you don’t get access to some vital features like:
As you may have noticed, you will miss out on some features. The main selling point of an individual is that it is free. However, the $0.99 commission can quickly add up if you are moving a lot of units. It also restricts your ability to sell cheap products.
A professional account has a recurring monthly fee of $39.99. You won’t have to pay the $0.99 commission. However, you still have to pay referral fees and variable closing fees for every sale.
Some simple math will tell you that if you sell more than 40 products in a month, a professional account is more cost-effective than an individual account. You also get access to Amazon advertising solutions, inventory reports, and more. You also need a professional account to stand a chance to win the Amazon Buy Box.
You can switch between account types whenever you want. That is why most sellers start with an individual account. It is a good way to test the waters and discover whether your product and business plans are viable. Once sales pick up, you can switch to a professional account. Keep in mind that the $39.99 subscription fee for professional accounts is non-refundable.
Registering yourself as a seller is a straightforward process. Before getting started, keep the following information and documents handy:
Have all the information ready?
To create an account, go to sell.amazon.com and scroll down to Selling Plans. Make sure you click on the Sign up for Individual option to proceed.
This will redirect you to Amazon Seller Central. If you have an account already, you just need to sign in. Otherwise, you will need to create an account. Once you have logged into your account, you will be redirected to the registration page.
You can upgrade your individual seller account to a professional one at any point.
If you want to switch back to an individual seller account, follow the same steps. In this case, you will notice a Downgrade option instead of Upgrade.
If the product is already listed on Amazon, you can list your product directly from the listing. Click the Sell on Amazon option below the Buy Box. You will have to enter the following information:
If you need to create a new listing, follow these steps:
For a step-by-step guide, watch this detailed video:
You are now all set to start selling on Amazon. But putting just any product on sale won’t guarantee profits. Amazon is a competitive marketplace, and you need data-driven insights to crack the code and outpace your competition. That’s where SellerApp can make all the difference. Learn how data analytics can help you optimize your Amazon business and maximize profits. Get in touch with SellerApp’s experts today at support@sellerapp.com!
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